FMC awarded Asgard, Heidrun subsea contracts

StatoilHydro has awarded FMC Technologies a $68 million contract for the manufacture and supply of additional subsea equipment for the Asgard field located in the Norwegian Sea.

Offshore staff

HOUSTON -- StatoilHydro has awarded FMC Technologies a $68 million contract for the manufacture and supply of additional subsea equipment for the Asgard field located in the Norwegian Sea. The contract is a call-off from a previously announced frame agreement signed in 2007.

FMC's scope of supply includes two completion workover intervention tooling systems that will be delivered during 2009. The equipment will be manufactured at FMC's Kongsberg, Norway and Dunfermline, Scotland facilities. The systems will help maintain current production rates and support StatoilHydro's rig activities scheduled for the Asgard field.

StatoilHydro has also awarded FMC Technologies a $45 million for the manufacture and supply of additional subsea equipment for its Heidrun North project, located in the Norwegian Sea.

FMC's scope of supply includes three subsea production trees and two water injection trees to increase oil recovery (IOR) at the Heidrun North field. FMC will also supply 10 tubing hangers, six control systems, and three flow control modules. All equipment will be manufactured at FMC's Kongsberg, Norway and Dunfermline, Scotland facilities with deliveries scheduled to occur during 2010.

12/15/2008

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